What is IVEDA SOLUTIONS INC's earnings per share (EPS)?

IVEDA SOLUTIONS INC (IVDAW) reported diluted earnings per share of $-0.88 for fiscal year 2025. This represents a 51.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

IVEDA SOLUTIONS INC Financials

IVDAW

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows IVEDA SOLUTIONS INC (IVDAW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IVDAW FY2025 2026-04-22

Externally funded cash runway keeps the business operating while revenue remains too small to absorb a fixed overhead base.

The biggest operating shift is that cash burn improved faster than accounting losses: operating cash flow moved from -$4.4M in FY2024 to -$2.0M in FY2025 even though revenue fell. That matters because the year-end cash rebound to $5.2M was still enabled by financing inflow of $4.6M, so liquidity improved before the business became self-funding.

Product-level economics improved, with gross margin rising from 16.4% in FY2023 to 24.1% in FY2025. But overhead still dominates: SG&A was $4.3M against revenue of $5.3M, so better gross profit is not yet large enough to cover the operating structure.

Balance-sheet pressure is operational rather than debt-driven: cash of $5.2M exceeded total liabilities of $1.6M in FY2025. Yet the business still consumes capital, with three straight years of operating cash outflow above -$2.0M, which shows losses are being financed rather than internally absorbed.

Financial Health Signals

Financial Health Score 47/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of IVEDA SOLUTIONS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Piotroski F-Score Neutral

5/9

IVEDA SOLUTIONS INC passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.63x

For every $1 of reported earnings, IVEDA SOLUTIONS INC generates $0.63 in operating cash flow (-$2.0M OCF vs -$3.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-88.4x

IVEDA SOLUTIONS INC earns $-88.4 in operating income for every $1 of interest expense (-$3.2M vs $37K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.3M

YoY-12.3%

5Y CAGR+28.9%

10Y CAGR+6.5%

IVEDA SOLUTIONS INC generated $5.3M in revenue in fiscal year 2025. This represents a decrease of 12.3% from the prior year.

EBITDA

-$3.2M

YoY+20.6%

IVEDA SOLUTIONS INC's EBITDA was -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.6% from the prior year.

Net Income

-$3.2M

YoY+19.7%

IVEDA SOLUTIONS INC reported -$3.2M in net income in fiscal year 2025. This represents an increase of 19.7% from the prior year.

EPS (Diluted)

$-0.88

YoY+51.4%

IVEDA SOLUTIONS INC earned $-0.88 per diluted share (EPS) in fiscal year 2025. This represents an increase of 51.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.2M

YoY+96.1%

5Y CAGR+83.3%

10Y CAGR+19.7%

IVEDA SOLUTIONS INC held $5.2M in cash against $266K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+190.9%

IVEDA SOLUTIONS INC had 6M shares outstanding in fiscal year 2025. This represents an increase of 190.9% from the prior year.

Margins & Returns

Gross Margin

24.1%

YoY+2.5pp

5Y CAGR-9.1pp

10Y CAGR+0.5pp

IVEDA SOLUTIONS INC's gross margin was 24.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.

Operating Margin

-61.1%

YoY+6.5pp

5Y CAGR+21.7pp

10Y CAGR+94.5pp

IVEDA SOLUTIONS INC's operating margin was -61.1% in fiscal year 2025, reflecting core business profitability. This is up 6.5 percentage points from the prior year.

Net Margin

-60.6%

YoY+5.5pp

5Y CAGR+47.4pp

10Y CAGR+97.8pp

IVEDA SOLUTIONS INC's net profit margin was -60.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.5 percentage points from the prior year.

Return on Equity

-66.9%

YoY+92.0pp

10Y CAGR+116.1pp

IVEDA SOLUTIONS INC's ROE was -66.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 92.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$171K

YoY-53.0%

IVEDA SOLUTIONS INC invested $171K in research and development in fiscal year 2025. This represents a decrease of 53.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

IVDAW Income Statement

Metric	FY25	FY24	FY23	FY23	FY23	FY20
Revenue	$5.3M-12.3%	$6.0M-7.3%	$6.5M+45.4%	$4.5M+133.0%	$1.9M+29.2%	$1.5M
Cost of Revenue	$4.0M-15.1%	$4.7M-13.1%	$5.4M+54.9%	$3.5M+222.8%	$1.1M+9.5%	$992K
Gross Profit	$1.3M-2.2%	$1.3M+21.9%	$1.1M+10.8%	$964K+15.8%	$832K+68.9%	$493K
R&D Expenses	$171K-53.0%	$363K-54.4%	$797K	N/A	N/A	N/A
SG&A Expenses	$4.3M-13.6%	$5.0M+16.2%	$4.3M+0.4%	$4.3M+20.7%	$3.6M+106.7%	$1.7M
Operating Income	-$3.2M+20.7%	-$4.1M-0.7%	-$4.0M-21.4%	-$3.3M-22.2%	-$2.7M-121.8%	-$1.2M
Interest Expense	$37K+39.4%	$26K+260.9%	$7K-86.4%	$53K-80.5%	$274K-31.4%	$399K
Income Tax	$30K-5.9%	$32K+76.9%	$18K+521.2%	$3K	N/A	N/A
Net Income	-$3.2M+19.7%	-$4.0M+3.9%	-$4.1M-23.8%	-$3.3M-11.6%	-$3.0M-87.1%	-$1.6M
EPS (Diluted)	$-0.88+51.4%	$-1.81+12.6%	$-2.07	$-0.26	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.5M+138.7%	$626K-62.1%	$1.7M+8.1%	$1.5M+3.6%	$1.5M-15.3%	$1.7M-27.4%	$2.4M+56.3%	$1.5M
Cost of Revenue	$999K+65.5%	$603K-46.8%	$1.1M+4.7%	$1.1M-8.7%	$1.2M-22.6%	$1.5M-22.8%	$2.0M+92.4%	$1.0M
Gross Profit	$495K+2089.7%	$23K-95.6%	$517K+16.3%	$445K+54.3%	$288K+38.5%	$208K-49.3%	$410K-18.1%	$501K
R&D Expenses	$30K-50.5%	$61K+135.1%	$26K-50.0%	$52K+56.1%	$33K+37.5%	$24K-38.9%	$39K-64.9%	$112K
SG&A Expenses	$1.0M-35.8%	$1.6M+127.6%	$706K-23.7%	$926K-15.1%	$1.1M-36.0%	$1.7M+74.0%	$980K-1.8%	$998K
Operating Income	-$566K+65.6%	-$1.6M-667.5%	-$214K+59.7%	-$532K+36.3%	-$836K+45.1%	-$1.5M-149.8%	-$609K-0.1%	-$608K
Interest Expense	$6K-20.2%	$7K-39.3%	$12K-4.5%	$12K+109.0%	$6K-46.5%	$11K+85.2%	$6K+11.9%	$5K
Income Tax	N/A	N/A	$665-97.8%	$30K	N/A	-$80+38.9%	-$131-110.5%	$1K
Net Income	-$533K+67.1%	-$1.6M-631.5%	-$221K+60.8%	-$564K+28.9%	-$794K+47.5%	-$1.5M-159.9%	-$581K+2.9%	-$599K
EPS (Diluted)	$-0.06	N/A	$-0.07+65.0%	$-0.20+28.6%	$-0.28	N/A	$-0.27	$-0.30

IVDAW Balance Sheet

Metric	FY25	FY24	FY23	FY23	FY23	FY20
Total Assets	$6.4M+24.1%	$5.2M-17.9%	$6.3M-36.1%	$9.9M+230.1%	$3.0M+139.9%	$1.2M
Current Assets	$6.2M+22.5%	$5.0M-14.9%	$5.9M-38.2%	$9.6M+257.3%	$2.7M+171.6%	$985K
Cash & Equivalents	$5.2M+96.1%	$2.6M-44.5%	$4.7M-35.2%	$7.3M+427.8%	$1.4M+455.2%	$250K
Inventory	$236K+59.3%	$148K-54.4%	$325K-38.4%	$526K+52.8%	$345K+55.3%	$222K
Accounts Receivable	$257K-79.9%	$1.3M+354.6%	$281K-77.0%	$1.2M+148.1%	$493K+117.4%	$227K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6M-38.4%	$2.7M+83.3%	$1.5M-36.4%	$2.3M-39.1%	$3.8M-24.0%	$5.0M
Current Liabilities	$1.3M-44.8%	$2.3M	N/A	$2.1M-38.6%	$3.4M-24.5%	$4.5M
Long-Term Debt	$266K-29.3%	$376K	N/A	$191K-43.7%	$339K	N/A
Total Equity	$4.8M+90.8%	$2.5M-46.1%	$4.6M-38.6%	$7.6M+1073.9%	-$777K+79.0%	-$3.7M
Retained Earnings	-$56.4M-6.0%	-$53.2M-8.1%	-$49.2M-10.0%	-$44.7M-8.1%	-$41.4M-7.9%	-$38.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$7.9M+22.3%	$6.4M+11.2%	$5.8M+31.6%	$4.4M-3.1%	$4.5M-12.6%	$5.2M-42.8%	$9.1M+34.1%	$6.8M
Current Assets	$7.5M+22.3%	$6.2M+12.3%	$5.5M+34.2%	$4.1M-3.0%	$4.2M-16.2%	$5.0M-34.2%	$7.6M+43.2%	$5.3M
Cash & Equivalents	$5.6M+9.2%	$5.2M+56.3%	$3.3M+107.2%	$1.6M-36.1%	$2.5M-5.3%	$2.6M-26.9%	$3.6M+25.9%	$2.9M
Inventory	$248K+5.1%	$236K-4.7%	$248K-10.0%	$275K+26.3%	$218K+46.9%	$148K-88.6%	$1.3M+68.3%	$770K
Accounts Receivable	$745K+190.3%	$257K-80.6%	$1.3M-3.1%	$1.4M+66.7%	$820K-35.8%	$1.3M-40.8%	$2.2M+103.8%	$1.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0M+21.0%	$1.6M-18.0%	$2.0M-30.9%	$2.9M+2.9%	$2.8M+5.7%	$2.7M-24.3%	$3.5M-10.4%	$3.9M
Current Liabilities	$1.7M+31.0%	$1.3M-19.6%	$1.6M-34.4%	$2.4M+2.7%	$2.3M+1.8%	$2.3M-26.1%	$3.1M+49.7%	$2.1M
Long-Term Debt	$230K-13.7%	$266K-13.2%	$306K-16.1%	$365K+7.2%	$341K-9.4%	$376K-10.4%	$420K-4.8%	$441K
Total Equity	$5.9M+22.7%	$4.8M+26.8%	$3.8M+154.5%	$1.5M-13.0%	$1.7M-32.1%	$2.5M-38.9%	$4.1M+45.5%	$2.8M
Retained Earnings	-$56.9M-0.9%	-$56.4M-3.0%	-$54.8M-0.4%	-$54.5M-1.0%	-$54.0M-1.5%	-$53.2M-6.1%	-$50.1M-1.1%	-$49.5M

IVDAW Cash Flow Statement

Metric	FY25	FY24	FY23	FY23	FY23	FY20
Operating Cash Flow	-$2.0M+54.1%	-$4.4M-32.6%	-$3.3M+38.4%	-$5.4M-174.3%	-$2.0M-1254.8%	-$146K
Capital Expenditures	N/A	$3K-97.0%	$86K+504.3%	$14K-42.2%	$25K+11.9%	$22K
Free Cash Flow	N/A	-$4.4M-29.3%	-$3.4M+37.0%	-$5.4M-171.6%	-$2.0M-1092.1%	-$167K
Investing Cash Flow	N/A	-$3K+99.0%	-$266K-1775.0%	-$14K+42.2%	-$25K-11.9%	-$22K
Financing Cash Flow	$4.6M+101.6%	$2.3M+120.8%	$1.0M-91.0%	$11.4M+265.3%	$3.1M+2645.7%	$114K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$927K-267.3%	-$252K+20.4%	-$317K+76.2%	-$1.3M-957.5%	-$126K+85.8%	-$890K+28.1%	-$1.2M-23.7%	-$1000K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	-$7+100.0%	-$300K-362.5%	$114K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$890K+42.1%	-$1.5M-38.0%	-$1.1M
Investing Cash Flow	N/A	N/A	N/A	-$1K-1301.8%	$109+1457.1%	$7-36.4%	$11-100.0%	$186K
Financing Cash Flow	$1.4M-34.4%	$2.2M+5.4%	$2.1M+549.1%	$318K+37801.7%	$839+101.4%	-$59K-103.3%	$1.8M+24008.2%	-$8K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

IVDAW Financial Ratios

Metric	FY25	FY24	FY23	FY23	FY23	FY20
Gross Margin	24.1%+2.5pp	21.6%+5.2pp	16.4%-5.1pp	21.6%-21.8pp	43.4%+10.2pp	33.2%
Operating Margin	-61.1%+6.5pp	-67.6%-5.4pp	-62.2%+12.3pp	-74.5%+67.6pp	-142.1%-59.3pp	-82.8%
Net Margin	-60.6%+5.5pp	-66.1%-2.3pp	-63.8%+11.1pp	-74.9%+81.5pp	-156.3%-48.4pp	-107.9%
Return on Equity	-66.9%+92.0pp	-158.9%-69.8pp	-89.1%-44.9pp	-44.2%	N/A	N/A
Return on Assets	-49.8%+27.1pp	-76.9%-11.2pp	-65.7%-31.8pp	-33.9%+66.5pp	-100.4%+28.3pp	-128.6%
Current Ratio	4.86+2.7	2.19	N/A	4.55+3.8	0.78+0.6	0.22
Debt-to-Equity	0.06-0.1	0.15-0.2	0.31+0.3	0.03	N/A	N/A
FCF Margin	N/A	-73.5%-20.8pp	-52.6%+68.7pp	-121.4%-17.3pp	-104.1%-92.8pp	-11.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	33.1%+29.5pp	3.6%-27.7pp	31.3%+2.2pp	29.1%+9.6pp	19.6%+7.6pp	11.9%-5.2pp	17.1%-15.6pp	32.7%
Operating Margin	-37.9%+224.8pp	-262.7%-249.7pp	-13.0%+21.9pp	-34.8%+21.8pp	-56.7%+30.7pp	-87.3%-61.9pp	-25.4%+14.3pp	-39.7%
Net Margin	-35.7%+222.9pp	-258.6%-245.2pp	-13.4%+23.5pp	-36.9%+16.9pp	-53.8%+32.9pp	-86.8%-62.5pp	-24.2%+14.8pp	-39.1%
Return on Equity	-9.1%+24.8pp	-33.9%-28.0pp	-5.9%+32.2pp	-38.1%+8.6pp	-46.7%+13.6pp	-60.3%-46.1pp	-14.2%+7.1pp	-21.3%
Return on Assets	-6.8%+18.4pp	-25.2%-21.4pp	-3.8%+9.0pp	-12.8%+4.7pp	-17.5%+11.6pp	-29.2%-22.8pp	-6.4%+2.5pp	-8.9%
Current Ratio	4.53-0.3	4.86+1.4	3.48+1.8	1.70-0.1	1.80-0.4	2.19-0.3	2.45-0.1	2.56
Debt-to-Equity	0.04-0.0	0.06-0.0	0.08-0.2	0.25+0.0	0.20+0.1	0.15+0.0	0.10-0.1	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	-51.1%+13.0pp	-64.1%+8.5pp	-72.6%

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Frequently Asked Questions

What is IVEDA SOLUTIONS INC's annual revenue?

IVEDA SOLUTIONS INC (IVDAW) reported $5.3M in total revenue for fiscal year 2025. This represents a -12.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is IVEDA SOLUTIONS INC's revenue growing?

IVEDA SOLUTIONS INC (IVDAW) revenue declined by 12.3% year-over-year, from $6.0M to $5.3M in fiscal year 2025.

Is IVEDA SOLUTIONS INC profitable?

No, IVEDA SOLUTIONS INC (IVDAW) reported a net income of -$3.2M in fiscal year 2025, with a net profit margin of -60.6%.

What is IVEDA SOLUTIONS INC's EBITDA?

IVEDA SOLUTIONS INC (IVDAW) had EBITDA of -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does IVEDA SOLUTIONS INC have?

As of fiscal year 2025, IVEDA SOLUTIONS INC (IVDAW) had $5.2M in cash and equivalents against $266K in long-term debt.

What is IVEDA SOLUTIONS INC's gross margin?

IVEDA SOLUTIONS INC (IVDAW) had a gross margin of 24.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is IVEDA SOLUTIONS INC's operating margin?

IVEDA SOLUTIONS INC (IVDAW) had an operating margin of -61.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is IVEDA SOLUTIONS INC's net profit margin?

IVEDA SOLUTIONS INC (IVDAW) had a net profit margin of -60.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is IVEDA SOLUTIONS INC's return on equity (ROE)?

IVEDA SOLUTIONS INC (IVDAW) has a return on equity of -66.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is IVEDA SOLUTIONS INC's operating cash flow?

IVEDA SOLUTIONS INC (IVDAW) generated -$2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are IVEDA SOLUTIONS INC's total assets?

IVEDA SOLUTIONS INC (IVDAW) had $6.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does IVEDA SOLUTIONS INC spend on research and development?

IVEDA SOLUTIONS INC (IVDAW) invested $171K in research and development during fiscal year 2025.

How many shares does IVEDA SOLUTIONS INC have outstanding?

IVEDA SOLUTIONS INC (IVDAW) had 6M shares outstanding as of fiscal year 2025.

What is IVEDA SOLUTIONS INC's current ratio?

IVEDA SOLUTIONS INC (IVDAW) had a current ratio of 4.86 as of fiscal year 2025, which is generally considered healthy.

What is IVEDA SOLUTIONS INC's debt-to-equity ratio?

IVEDA SOLUTIONS INC (IVDAW) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is IVEDA SOLUTIONS INC's return on assets (ROA)?

IVEDA SOLUTIONS INC (IVDAW) had a return on assets of -49.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is IVEDA SOLUTIONS INC's cash runway?

Based on fiscal year 2025 data, IVEDA SOLUTIONS INC (IVDAW) had $5.2M in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 31 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is IVEDA SOLUTIONS INC's Piotroski F-Score?

IVEDA SOLUTIONS INC (IVDAW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are IVEDA SOLUTIONS INC's earnings high quality?

IVEDA SOLUTIONS INC (IVDAW) has an earnings quality ratio of 0.63x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can IVEDA SOLUTIONS INC cover its interest payments?

IVEDA SOLUTIONS INC (IVDAW) has an interest coverage ratio of -88.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is IVEDA SOLUTIONS INC?

IVEDA SOLUTIONS INC (IVDAW) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.